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Christopher Dilts | Bloomberg | Getty Images Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Ralph Lauren on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker’s move to pull products off department store shelves and sell more products at full-price boosted margins. The company’s shares rose 3 percent in
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Getty Images People walk by the newly opened Nordstrom menÕs store, the companyÕs first-ever Manhattan location in midtown at 57th and Broadway on April 12, 2018 in New York City. Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop
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Check out the companies making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, and same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said
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Tiffany’s first-quarter results beat analysts’ estimates on Wednesday, with strong sales of its high-end jewelry in the Americas and Asia-Pacific regions helping the company raise its annual sales and profit forecasts. Shares spiked more than 17 in early trading Wednesday, pushing the stock to its best level since 2001. The stock has gained 6.3 percent
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Source: Hewlett Packard Enterprise New server racks in the Hewlett Packard Enterprise Executive Briefing Center feature the new branding. Hewlett Packard Enterprise reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, helped by higher demand for its servers, storage and networking equipment. The company, created in 2015 from the breakup of
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Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted Tuesday to authorize a strike at any time starting June 1, a move that could cripple the city’s world-famous resorts. About 25,000 members of the Culinary Union who
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Andrew Harrer | Bloomberg | Getty Images William Rhodes III, chief executive officer of AutoZone Inc., waits to begin a listening session with U.S. President Donald Trump, not pictured, Retail Industry Leaders Association, and member company chief executive officers in the Roosevelt Room of the White House in Washington, D.C. AutoZone’s Rhodes noted the changes
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Traditional IRAs are a more common investment choice than Roth IRAs. According to research by the Investment Company Institute, as of 2016 nearly 26% of U.S. households owned a tradition IRA, versus just 17% who owned a Roth IRA. It seems that for many, the lure of the upfront tax break from a traditional IRA
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TJX reported better-than-expected quarterly same-store sales on Tuesday, as deep discounts brought more bargain hunters into its T.J. Maxx and Marshalls apparel stores. Online shopping has taken a toll on traditional brick-and-mortar stores but TJX, unlike other retailers, has not seen huge cuts in inventory and store closures. TJX does not advertise brands. It instead
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Boomers are more likely than other generations to take risks by investing some or all their retirement funds into starting their own business after leaving a corporate job, and they seek new and interesting ways to spend their retirement money that may or may not produce an income stream to help fund expensive retirement activities.
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BP has invested $20 million in Israel’s StoreDot, a start-up that claims its batteries can charge electrics cars in five minutes. The oil giant said Tuesday that its venture capital arm BP Ventures was investing in the Tel Aviv-based firm as it looks to reduce greenhouse gas emissions in its operations. “Ultra-fast charging is at
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Last year the JPMorgan Global Emerging Market Bond index had a total return of 9.1 percent. “We believe U.S. investors should have an allocation to emerging market bonds,” said Pablo Goldberg, a senior fixed-income strategist for BlackRock, which manages more than $24 billion in assets in a variety of emerging market bond funds. “They have
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Johannes Eisele | AFP | Getty Images The ZTE logo is seen on an office building in Shanghai on May 3, 2018. In exchange for Trump’s removal of the ban, ZTE will make major changes in management, board seats and potentially pay fines, according to the Journal. Details of the deal are still being worked
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